India Needs To Learn From Past Mistakes And Move Forward – Amitabh Kant

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The chief executive officer (CEO) of Niti Aayog, Amitabh Kant said that India needs to learn from the past mistakes made in the electronics field and should not repeat the same in the electric mobility field. Amitabh Kant was addressing at an event organized by MoHI in Goa.

Amitabh Kant, said, “Those countries that go digital and go green will attract valuation and attract investment and those that do not go green and digital will go dead. There will be no future for those countries. This disruption is absolutely clear. This writing is on the wall that by 2025 there will be no combustion 2-3 wheelers left.”

He said, “In the last 70 years, India has always been getting into the sunset areas of industry. And by the time you get into the sunset areas of industry, it is too late. By that time the Chinese and other countries have already taken the market and they have the size and scale. And once they have the size and scale you’ll never be able to penetrate global markets. Therefore we are saying that you get into the sunrise areas of the future and these are the areas if you get in you will become a global champion.”

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“One of the lessons we learned was, that in mobile phones, the market grew in India but we became import-dependent. What we learned in solar was that the market grew in India but we became import-dependent. Let us not make that mistake in the world of electric mobility. We must make India the centre of manufacturing both for the Indian market and for the rest of the world. And that is now dependent on all of you to make the states of India the centre of manufacturing,” he added.

“Our vision is battery storage, green hydrogen, and renewables. And we are not talking about India. We are talking about making India the biggest player in the world. India must become the biggest manufacturer of battery storage, of green hydrogen, the biggest exporter of green hydrogen, the biggest exporter of battery storage. Must become the centre of compact car manufacturing, the biggest manufacturer of two-wheelers, three-wheelers, four-wheelers of green vehicles. So you are looking at the world as a market. Don’t look at India. Look at the world as your market,” he stated.

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India can become a hub for the world and bring new innovations by going green and assist the world which was going through disruption once.

“One thing is very clear that at the speed at which the cost of batteries are falling from $1,100/KW hour to about $100,” he said.

India also needs to adopt EVs and in the coming future, there will be no internal combustion engines (ICE) fueled two or three-wheelers in India, and most people will shift towards electric vehicles, Kant said.

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